 Non-Life Insurance Products: Personal LineMassimiliano Maggioni and
Giuseppe Turchetti
Chapter 9 in Fundamentals of the Insurance Business, 2024, pp 161-204 from Springer Abstract: Abstract This chapter describes the non-life insurance products for individuals and families. For a better understanding, types of cover have been divided into five macro-categories and description provided: 1. Personal accident and sickness insurance includes personal accidents, healthcare and care of dental treatment; description of wearable device and Internet of Things (IoT) included. 2. Insurances on the property consist of fire, theft, cover for household appliance. 3. Liability insurance describes civil liability protection and actions brought by a party against the assured for alleged torts or breaches of contract. 4. Personal automobile insurance includes civil liability (or Motor TPL) and property covers. The section also describes the variables for determining the tariff, property covers for damage, principles for damage indemnified and telematic services. 5. Homeowners insurance is a comprehensive insurance (i.e. All-risk policy) covering risks that might strike the home and family, including the Internet of Things (IoT) and related smart devices. Finally, a miscellanea of risks is illustrated (i.e. unemployment insurance, travel insurance, pet insurance and Condominium insurance). Concerning reimbursement, different formulas are explained. Replacement cost value (RCV), Actual Cost Value (ACV), Current market value (Open Market Valuation OMV). Keywords: Non-life insurance; Personal line; Accident; Accident insurance; Disability; Permanent Disability (PD); Dismemberment; Temporary disability (TD); Schedule injury; Illness; Healthcare insurance; Daily hospital cash benefit; Reimbursement of medical expenses; Health History Questionnaire (HHQ); Waiting period; Wearable device; Internet of Things (IoT) or smart devices; Dental care insurance; Dental History Questionnaire (DHQ); Fire; Fire insurance; FLEXA; Replacement cost value (RCV); Actual Cost Value (ACV); Current market value (or Open Market Valuation OMV); Fire legal liability insurance; Theft; Absolute First Loss Insurance (AFL); Relative Loss Insurance (RL); Policies for multimedia devices; Extended Warranty Insurance Policies; Good Asset protection; Income protection policy; Credit Protection Insurance; theft insurance; Scheduled personal property; Extended Warranty (EW) insurance; Liability; Liability insurance; Civil liability insurance; Care; custody; and control (CCC); Compulsory insurance; Personal automobile insurance; Automobile liability or Motor TPL; Insurance certificate; Green card; Automobile insurance policy; Advanced Driver Assistance Systems (ADAS); Usage-Based Insurance (UBI); Pay As You Drive (PAYD); Pay How You Drive (PHYD); Black box; Special damages; General damages; Punitive damages; Comprehensive insurance or all-risk policy; Homeowner insurance; Home box; Unemployment insurance; Creditor Protection Insurance (CPI); Travel insurance; Pet insurance; Telematic device; Condominium association’ insurance; Pay Per Use (PPU); GAP (Guaranteed Asset Protection); Instant Insurance; Parametric policy; Trigger; Oracle (search for similar items in EconPapers) There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it. Related works: Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text Persistent link: https://EconPapers.repec.org/RePEc:spr:sptchp:978-3-319-52851-9_9 Ordering information: This item can be ordered from DOI: 10.1007/978-3-319-52851-9_9 Access Statistics for this chapter More chapters in Springer Texts in Business and Economics from Springer |
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